factor

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Factor

A financial institution that buys a firm's accounts receivable and collects the accounts.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Factor

A third party that buys a firm's accounts receivable. If a firm is not confident in its ability to collect on its credit sales, it may sell the right to receive payment to the factor at a discount. The factor then assumes the credit risk associated with the accounts receivable. This provides the firm immediate access to working capital, which is important, especially if the firm has a cash flow problem. The price of factoring is determined by the creditworthiness of the firm's customer, not of the firm itself. It is also known as accounts receivable financing.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

factor

A firm that purchases accounts receivable from another firm at a discount. The purchasing firm then attempts to collect the receivables.

factor

To sell accounts receivable to another party at a discount from face value. Thus, a firm in need of cash to pay down short-term debt may decide to factor its accounts receivable to another firm.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

factor

  1. a firm that purchases TRADE DEBTS from client firms. See FACTORING.
  2. a firm that buys in bulk and performs a WHOLESALING function.
  3. an input (for example raw material, labour, capital) which is used to produce a good or provide a service.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

factor

  1. 1a FACTOR INPUT that is used in production (see NATURAL RESOURCES, LABOUR, CAPITAL).
  2. a business that buys in bulk and performs a WHOLESALING function.
  3. a business that buys trade debts from client firms (at some agreed price below the nominal value of the debts) and then arranges to recover them for itself. See FACTOR MARKET, FACTORING.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Christopher Truckers Development and Relief Fund (SCF) is a 501(3), nonprofit organization that provides assistance to over-the-road semi-truck drivers and their families when an illness or injury has caused the driver to be out of work and suffer financial hardship.
Figure 8 shows the X-ray CT images of the MD and TD at different injection speeds (CF content: 10 wt%, SCF content: 1 wt%).
SCF's existing senior unsecured debt and senior non-preferred debt programme ratings are rated at the same level as the bank's Long-Term IDR to reflect Fitch's view that the likelihood of default on both debt classes is in line with that of SCF.
SCF argued that they only advanced Manhattan $10,936,653 because they believed that the shareholders had already deposited $20 million with the sellers of the Tatu City land.
On the other hand, 19.90 billion SCF, 22.38 billion SCF, 28.51 billion SCF and 25.53 billion SCF of gas was flared in June, July, August and September respectively.
The existing PSI and SCF arrangement have supported Rwanda's efforts to address external imbalances, thereby supporting continued strong growth and durable poverty reduction.
Table 2 shows the SCF currents with solid grounding and with Peterson coil grounding of 58.6 H inductance.
Adjusting income concepts and the unit of measurement generally also brings estimated income shares in the administrative tax data (Piketty and Saez 2003) and the SCF into agreement.
Moreover, smokers and diabetics had reduced levels of SCF in the circulation, and low blood levels of the growth factor were associated with more severe disease among patients with atherosclerosis.
Most pertinent to the question at hand is Zinman (2009), who compares the aggregate credit card debt levels implied by the SCF for 1989-2004 to aggregate credit card debt levels from the lender-reported Consumer Credit-G.19 data provided by the Federal Reserve Board of Governors.
In the new role based in London, Lawrence will oversee the SCF business in Europe by developing market strategies, originating new SCF programs, and expanding new and existing supplier and vendor relationships.
However, despite popular accounts of the Millennial Generation's poor economic outcomes during the Great Recession, young adults in the SCF have fared relatively well on many measures.